TSLA really looks like she wants to take off!

Thursday Newsletter

Maybe. But I dare them to try to develop the memory chips that are needed that a company like Micron provides. Then again, they don't pay as much of a premium for memory chips, so not as much incentive anyway.

VIX closed up

SWBI  earnings out and stock under pressure. Does everyone have enough weapons and ammo? 

NVDA and others chip manufacturers are a case of musical chairs, from my perspective. The hyper scaler tech companies are essentially nation states at this point given the amount of cash flow they generate and cash on balance sheets. They simply haven't and won't put up with paying other companies for critical components for long....they will all be producing their own AI chips sooner or later.
This battle for chips reminds me a little of the brief few months where Microsoft convinced the world they were somehow the dominant AI player. Then Google took the wraps off yesterday and today and blew them out of the water (search "Gemini" on YouTube and then filter by Google releases). Now Microsoft is back to being the company that created BING...the worst search engine ever...and hasn't innovated internally in many years. 

That makes it a year of volatility . 

JBLU  -  finally took off today 

Lol, there's only a thousand points separating his estimate from JPM's end of 2024 target (4200). 

oh yeah for sure!

AVGO is a sneaky important earnings report today...IMO. 

I am in it, arun, but missed your heads up last week, unfortunately, was out of pocket. Noticed it earlier today and took a shot.

Great spotting Arun

Tom Lee is on CNBC now if interested. Target 5200 next year . If helpful I can tell you his favorite groups for 2024. 

$BPENER - Chart Link - would be nice to see this work down into that oversold region, getting closer

AMD is the star of the day. I mentioned about their AI day coming up last week. anyone caught it?

SPX 30 Zoom

MASI - Chart Link- the target was $100, which was achieved on Monday, if you still have some shares, just trail the stop up slightly below the 9 EMA

ABNB - Chart Link- target almost hit, make sure to be locking in some gains, raising stops